The TXPR Price Index hit a new 52-week high today of 682.28, replacing the old mark of 681.80 set yesterday.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 6.66 % | 7.11 % | 26,545 | 13.39 | 1 | -0.0615 % | 2,428.3 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3043 % | 4,624.2 |
| Floater | 6.24 % | 6.54 % | 56,764 | 13.16 | 3 | 0.3043 % | 2,665.0 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.5774 % | 3,669.0 |
| SplitShare | 4.76 % | 4.39 % | 68,270 | 3.33 | 5 | 0.5774 % | 4,381.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.5774 % | 3,418.7 |
| Perpetual-Premium | 5.50 % | 3.44 % | 84,774 | 0.08 | 8 | -0.0099 % | 3,094.0 |
| Perpetual-Discount | 5.64 % | 5.66 % | 45,714 | 14.37 | 26 | -0.8799 % | 3,342.4 |
| FixedReset Disc | 5.99 % | 6.04 % | 106,616 | 13.67 | 30 | 0.0060 % | 3,049.1 |
| Insurance Straight | 5.48 % | 5.52 % | 55,138 | 14.62 | 21 | 0.5884 % | 3,313.1 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0060 % | 3,627.3 |
| FixedReset Prem | 5.63 % | 4.78 % | 128,000 | 2.42 | 22 | 0.0230 % | 2,635.2 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0060 % | 3,116.8 |
| FixedReset Ins Non | 5.21 % | 5.37 % | 53,591 | 14.52 | 15 | 0.1507 % | 3,074.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PF.A | Perpetual-Discount | -25.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 15.00 Evaluated at bid price : 15.00 Bid-YTW : 7.69 % |
| PWF.PR.S | Perpetual-Discount | -2.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 5.69 % |
| CIU.PR.A | Perpetual-Discount | -2.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 20.57 Evaluated at bid price : 20.57 Bid-YTW : 5.67 % |
| GWO.PR.R | Insurance Straight | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 21.15 Evaluated at bid price : 21.15 Bid-YTW : 5.72 % |
| BN.PR.R | FixedReset Disc | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 6.26 % |
| ENB.PF.K | FixedReset Disc | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 23.46 Evaluated at bid price : 24.90 Bid-YTW : 6.02 % |
| BN.PR.M | Perpetual-Discount | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 20.51 Evaluated at bid price : 20.51 Bid-YTW : 5.84 % |
| GWO.PR.Q | Insurance Straight | 1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 22.77 Evaluated at bid price : 23.05 Bid-YTW : 5.62 % |
| BN.PF.D | Perpetual-Discount | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 21.09 Evaluated at bid price : 21.09 Bid-YTW : 5.86 % |
| BN.PR.N | Perpetual-Discount | 2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 20.55 Evaluated at bid price : 20.55 Bid-YTW : 5.83 % |
| MFC.PR.C | Insurance Straight | 2.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 21.34 Evaluated at bid price : 21.61 Bid-YTW : 5.24 % |
| PVS.PR.L | SplitShare | 2.36 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-06-30 Maturity Price : 25.00 Evaluated at bid price : 26.00 Bid-YTW : 4.70 % |
| GWO.PR.H | Insurance Straight | 9.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 21.85 Evaluated at bid price : 22.09 Bid-YTW : 5.52 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| RY.PR.M | FixedReset Prem | 62,100 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-11-24 Maturity Price : 25.00 Evaluated at bid price : 25.09 Bid-YTW : 3.10 % |
| CU.PR.I | FixedReset Prem | 25,900 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-01 Maturity Price : 25.00 Evaluated at bid price : 25.13 Bid-YTW : 4.18 % |
| GWO.PR.I | Insurance Straight | 25,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 5.51 % |
| FTS.PR.H | FixedReset Disc | 25,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 18.65 Evaluated at bid price : 18.65 Bid-YTW : 5.71 % |
| MFC.PR.Q | FixedReset Ins Non | 24,637 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 23.49 Evaluated at bid price : 25.15 Bid-YTW : 5.35 % |
| PWF.PR.A | Floater | 20,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-10-09 Maturity Price : 14.20 Evaluated at bid price : 14.20 Bid-YTW : 5.90 % |
| There were 6 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible. | ||
| Issue | Index | Quote Data and Yield Notes |
| PWF.PF.A | Perpetual-Discount | Quote: 15.00 – 20.85 Spot Rate : 5.8500 Average : 3.3599 YTW SCENARIO |
| PWF.PR.S | Perpetual-Discount | Quote: 21.50 – 22.23 Spot Rate : 0.7300 Average : 0.4642 YTW SCENARIO |
| CU.PR.G | Perpetual-Discount | Quote: 18.00 – 21.00 Spot Rate : 3.0000 Average : 2.7647 YTW SCENARIO |
| ENB.PF.E | FixedReset Disc | Quote: 21.45 – 23.00 Spot Rate : 1.5500 Average : 1.3195 YTW SCENARIO |
| CIU.PR.A | Perpetual-Discount | Quote: 20.57 – 21.25 Spot Rate : 0.6800 Average : 0.4623 YTW SCENARIO |
| PVS.PR.H | SplitShare | Quote: 25.27 – 26.27 Spot Rate : 1.0000 Average : 0.7893 YTW SCENARIO |